American retail giant Sears files for bankruptcy – TheLiberal.ie – Our News, Your Views

American retail giant Sears files for bankruptcy





The once-mighty American retail giant Sears has filed for bankruptcy.

The brand, which was once America’s largest retailer, had struggled financially for many years due to a shift in customers’ shopping habits and failure to keep up with emerging online retailers like Amazon.

Sears’ final nail in the coffin came in the form of a $134 million debt payment that fell due today, a payment it could ill afford.

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